- Wallet 0x982C withdrew 26,029 Ethereum tokens from Kraken.
- Wallet bc1qks withdrew 620 Bitcoin tokens from Binance.
- BTC price and ETH price are up by over 10% in the last 24 hours.
Whale wallets have started accumulating Bitcoin and Ethereum tokens, with the recent total addition of over 26k. The move comes after BTC price and ETH price commenced an uptick in their respective values. Both tokens are anticipated to continue the bull run at least for the next 30 days. Exchange balance for Bitcoin tokens has reached a 5-year low.
Bitcoin and Ethereum Tokens Accumulation by Whale Wallets
A total of 26,649 Bitcoin and Ethereum tokens were added by two separate whale wallets recently. Ether made up for 26,029 at a collective value of approximately $118 million. Whale wallet 0x982C reportedly withdrew these Ethereum tokens from Kraken.
Bitcoin made up for the remaining portion of 620. Their price is estimated to be around $76 million when the transaction was executed. Whale wallet bc1qks reportedly withdrew these tokens from Binance. Both transactions happened within 3 hours, and have triggered anticipation pertaining to holding on to BTC and ETH.
Notably, the BTC exchange balance has dropped to a 5-year low. According to a report by Whale Insider, almost 170,000 tokens have been withdrawn from different exchange platforms. These transactions have likely happened over the last 30 days.
Upticks in BTC Price and ETH Price
BTC price and ETH price have started noting an uptick in their respective values. Bitcoin tokens, for starters, are up by 2.11% over the past 24 hours, taking the BTC price to $122,573.83. The exchange value further shows a significant increase of 11.73% in the last 7 days.
ETH price is also up by 0.78% in the last 24 hours, for a value of $4,514.63. It reflects a weekly gain of 12.12% which is, interestingly, more than BTC. Nevertheless, weekly gains are mutual among Bitcoin and Ethereum tokens.
A surge in BTC and ETH prices is hinting at the conclusion of the correction phase. But, the crypto market is extremely volatile, and it is important to do a thorough risk assessment before fund allocation. Also, the contents of this article are neither a recommendation nor advice for crypto trading.
What’s Next for BTC Price and ETH Price?
Short-term estimates for BTC price indicate a bull run. The next 5 days are likely to see a surge of 7.45% from the current trading value. That would take the price to around $131,086, amid the volatility of 2.50%. Overall sentiments are bullish, and the FGI rating stands at 71 points at the moment.
Short-term estimates for ETH price also indicate that the token may jump by almost 10.19% in the next 5 days. That would bring the exchange rate of approximately $4,937.64 amid the volatility of 4.52%. Overall sentiments for ETH are also bullish and are backed by the FGI rating of 63 points right now.
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